Spokane Riverfront Park Bond, Proposition 2
Spokane leaders are asking for $64.3 million that would be paid off over 20 years to rehabilitate Riverfront Park. Plans include creating a promenade through the park to provide better access, revamping the U.S. Pavilion to make it an outdoor venue for special events, creating a skating pond near Post Street and Spokane Falls Boulevard and constructing a major playground on the north side of the park. Officials say, if approved, taxpayers wouldn’t pay more each year, at least initially, because the new tax will pay off older, voter-approved park debt and refinance it at a lower interest rate.
4. Voters at Fairchild Air Force Base support expanded background checks for gun sales – resoundingly. Initiative 594 won the precinct at Fairchild 72 votes to 38. On the other hand, maybe they don’t. Voters there also supported Initiative 591, though not by as much…
Propositions 1 and 2 offer Spokane voters savvy options for maintaining the streets and refurbishing a beloved park – without increasing current tax rates. Proposition 1 is the next step in financing street repairs, after the successful 10-year bond expires this year. This time it’s a 20-year levy, and if voters agree to extend current property tax assessments, the city would use the revenue to attract matching funds for up to $25 million annually to repair and upgrade streets and curbs and add bike lanes, lighting and landscaping.
Spokane city officials will hold six public meetings this month on their plan to refinance bonds to raise money for street maintenance and the proposed Riverfront Park Master Plan. The proposal involves refinancing three older bond issues, paying them off and raising an extra $25…